BRIEF-BHP & Cobre Forge Partnership With A$40 Mln Tier 1 Copper Investment

Reuters
10 hours ago
BRIEF-BHP & Cobre Forge Partnership With A$40 Mln Tier 1 Copper Investment

March 10 (Reuters) - Cobre Ltd CBE.AX:

  • BHP & CBE FORGE PARTNERSHIP - A$40M TIER 1 COPPER INVESTMENT

  • BHP CAN EARN 75% INTEREST IN KITLANYA PROJECTS

  • BHP WILL PROVIDE UP TO US$25 MILLION FOR EXPLORATION EXPENDITURE FOR COBRE'S KITLANYA EAST AND KITLANYA WEST COPPER PROJECTS

  • BHP ENTITLED TO 2.0% NET SMELTER ROYALTY IF TRANSACTION TERMINATED

Further company coverage: CBE.AX

((Reuters.Briefs@thomsonreuters.com;))

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